Stocks Ended Higher and Hit Fresh Highs

U.S. stocks ended higher on Thursday, with major benchmarks at new records, on reports the U.S. and China had struck an agreement to gradually cancel planned tariffs. The Dow Jones Industrial Average rose 182.24 points, or 0.66%, to 27,674.80. The S&P 500 added 8.40 points, or 0.27%, to 3,085.18. The Nasdaq Composite gained 23.89 points, or 0.28%, to 8,434.52.

Oil futures climbed on Thursday, after China and the U.S. agreed to lift existing tariffs if a partial trade deal is struck soon. West Texas Intermediate crude for December delivery rose 80 cents, or 1.4%, to settle at $57.15 a barrel. January Brent crude picked up 55 cents, or 0.9%, to end at $62.29 a barrel.

Zillow Group Inc. (Z), the online real-estate company, reported that sales more than doubled from the year before in the most recent quarter thanks to the company’s push to buy and sell homes. Zillow reported a loss of $64.6 million, or 31 cents a share, on sales of $745.2 million, up from $343.1 million a year ago.

Walt Disney Co. (DIS) posted stronger-than-expected results in its final quarterly report. It earned $1.05 billion, or $1.07 a share, compared with $2.32 billion, or $1.55 a share, in the year-ago period. Revenue rose 34% to $19.1 billion, from $14.3 billion a year ago.

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